Printer Friendly

LINKON REPORTS 1991 RESULTS

 LINKON REPORTS 1991 RESULTS
 NEW YORK, July 17 /PRNewswire/ -- Linkon Corporation (OTC: LKON)


today reported a net loss of $734,275 or $0.13 per share for the year ended Jan. 31, 1992, compared to a net loss of $128,690 or $0.03 per share in fiscal 1990. Revenues for fiscal 1991 were $1,907,701 compared to $5,204,520 in the previous year.
 Commenting on the results, Charles Castelli, Linkon's chairman and chief executive officer, said, "Last year's results reflect a transition period for Linkon. Management's decision to stress the company's voice processing communications boards, software and proprietary operating platforms and de-emphasize our voice processing services has impacted revenues and profits.
 "During the year we signed two exclusive licenses, one for $1 million and another for $2.5 million for the use of FC3000 Communications Board and Teravox software in products sold in Latin America and Japan. Also, in December 1991, the company entered into a regional distribution agreement with Technology Distributors, Inc.
 "We are encouraged by the response we have seen from our markets thus far in 1992. Of key importance is the $9.6 million contract from Stentor Speech Products of Belgium for our FC3000 Integrated Voice and Communications Board and software. We received this contract in April 1992. We believe that the future of Linkon rests on our product strengths in the field of speech technology."
 Linkon Corporation designs, manufactures and markets state-of-the- art voice and communications processing hardware and software products which are then sold to value-added resellers, system integrators and OEMs.
 LINKON CORPORATION
 Summary Financial Information
 Twelve months ended Jan. 31 1992 1991
 Net revenues $1,907,701 $5,204,520
 Net income (loss) (734,275) (128,690)
 Net income per share ($.13) ($.03)
 Avg. no. of shares outstanding 5,745,750 4,500,000
 -0- 7/17/92
 /CONTACT: Patrick J. Kane, COO of Linkon, 212-753-2544; or Edward Silverman or Cynthia A. Bond of Silverman, Heller & Bond, 212-682-9222, for Linkon/
 (LKON) CO: Linkon Corporation ST: New York IN: TLS SU: ERN


CK-TQ -- NY033 -- 0243 07/17/92 12:05 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jul 17, 1992
Words:349
Previous Article:NEW ENGLAND FEDERAL SAVINGS BANK PLACED UNDER GOVERNMENT CONTROL
Next Article:MAYNARD'S NEW ARCHIVE XL SYSTEM DOUBLES BACKUP SPEED/ADDS NETWARE 386 SUPPORT
Topics:


Related Articles
LINKON REPORTS FIRST QUARTER RESULTS
LINKON, FRENCH STRATEGIC PARTNER JOIN FORCES
LINKON IN ITALIAN STRATEGIC ALLIANCE
NEW VOICEPASS 4000 INTRODUCED; LINKON DEMOS LANGUAGE INDEPENDENT SPEAKER VERIFICATION; OFFERS EVALUATION KIT FOR WINDOWS
Linkon Secures $1.4 Million Credit Facility IBJ Schroder to Provide Revolving Credit to Finance Recent Large Order
Linkon and Syrinx Offer No Upcharge Speech Recognition; Speech Recognition Included As Basic Function On Maestro System
Linkon Makes Initial Shipment to AT&T; Maestro System Being Deployed in Large TVR Call Center Application
Linkon Announces Internet Telephony Gateway Project For Voice Over IP Based Networks.
AT&T Orders $815,000 of Added Escape VRU Capacity For Expansion of Large Networked IVR Call Center Application
TriGem and Linkon Ink Korean Partnership Agreement for $1.0 billion Korean Sun Clone Manufacturer to Sell Linkon Products

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters